Bullish Reports Third Quarter Financial Results

According to Foresight News, Bullish has released its financial results for the third quarter. The company's digital asset sales amounted to $41.6 billion, a decrease from $54.2 billion in the same period last year. The net profit was $18.5 million, translating to diluted earnings per share of $0.10, marking a turnaround from a loss of $67.3 million, or a diluted loss per share of $0.59, in the previous year. Adjusted revenue, according to non-IFRS measures, increased to $76.5 million from $44.6 million in the prior year. However, adjusted trading income, also based on non-IFRS measures, declined to $26.7 million from $32.9 million. Looking ahead, Bullish anticipates subscription, service, and other income for the fourth quarter to range between $47 million and $53 million. The company also expects adjusted operating expenses to be between $48 million and $50 million.